8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 17, 2009

F & M Bank Corp.

(Exact name of registrant as specified in its charter)

Virginia
(State or other jurisdiction
of incorporation) 000-13273
(Commission File Number) 54-1280811
(IRS Employer
Identification No.)

P.O. Box 1111
Timberville, Virginia 22853
(540) 896-8941

(Address including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Not Applicable
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition.

     On September 17, 2009, F & M Bank Corp. issued a press release announcing its third quarter 2009 dividend. A copy of the press release is attached as Exhibit 99.1.

     The information in this Form 8-K, and the exhibit hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is being furnished pursuant to Item 2.02 above.

Exhibit No.	Description
99.1	F & M Bank Corp. press release dated September 17, 2009

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

F & M Bank Corp.
By:	/s/ Neil W. Hayslett
	Neil W. Hayslett
	Executive Vice President and Chief Financial Officer

Date: September 17, 2009

EXHIBIT INDEX

Exhibit No.	Description
99.1	F & M Bank Corp. press release dated September 17, 2009

EX-99.1

Exhibit 99.1

F & M Bank Corp.—News and Financials

F & M BANK CORP. DECLARES 3RD QUARTER DIVIDEND

     TIMBERVILLE, VA—September 17, 2009—F & M Bank Corp. (OTCBB: FMBM), parent company of Farmers & Merchants Bank, announces its third quarter dividend.

     On September 17, 2009, the Company declared its third quarter dividend of $0.15 per share which will be paid on November 9, 2009, to shareholders of record as of October 9, 2009. This compares to a dividend of $0.23 per share from the third quarter of 2008. Cumulative dividends declared for the nine month period total $0.61 in 2009 versus $0.67 in 2008.

     In announcing the dividend, Dean Withers, President & Chief Executive Officer, commented “Historically we have targeted a dividend payout ratio of approximately forty percent of net income; however as a result of the weakening economy in 2008 and 2009, and with the corresponding reduction in earnings, our dividend payout ratio has exceeded sixty percent. A dividend payout ratio in excess of sixty percent is not sustainable for an organization that seeks to continue growing. While the decision to reduce dividend payments is never easy, we believe that by reducing the dividend we position ourselves for future growth..”

     Withers continued, “As an independent community banking institution, our ability to meet the borrowing needs of the local businesses and individuals in our communities is directly tied to the growth of our capital base. By reducing our dividend, we position ourselves to leverage our capital base which supports continued growth in our loan portfolio and ultimately leads to greater future revenue.”

     F & M Bank Corp. is an independent, locally-owned, community bank holding company, offering a full range of financial services, through its subsidiary bank, Farmers & Merchants Bank’s nine banking offices in Rockingham, Shenandoah and Page Counties, Virginia. Additional information may be found by contacting us on the internet at www.farmersandmerchants.biz or by calling: (540) 896-8941.

     This press release may contain “forward-looking statements” as defined by federal securities laws, which may involve significant risks and uncertainties. These statements address issues that involve risks, uncertainties, estimates and assumptions made by management, and actual results could differ materially from the results contemplated by these forward-looking statements. Factors that could have a material adverse effect on our operations and future prospects include, but are not limited to, changes in: interest rates, general economic conditions, legislative and regulatory policies, and a variety of other matters. Other risk factors are detailed from time to time in our Securities and Exchange Commission filings. Readers should consider these risks and uncertainties in evaluating forward-looking statements and should not place undue reliance on such statements. We undertake no obligation to update these statements following the date of this press release.

SOURCE:	F & M Bank Corp.
CONTACT:	Neil Hayslett, EVP/CFO, Farmers & Merchants Bank 540-896-8941 or neilhayslett@farmersandmerchants.biz